As we have completed three quarters and are entering the final stretch of the year, the real estate sector has been heavily impacted by the COVID-19 crisis. Consumers are becoming more cautious in their decisions to purchase housing. Real estate developers are bearing the brunt of this impact and are trying to find various development strategies to navigate through this crisis. The performance over the past nine months has shown that many companies are still affected, with results declining compared to the same period last year, although some companies have performed exceptionally well against the market.

TerraBKK summarizes the performance of real estate companies listed on the stock exchange for the past nine months as follows:

Land and Houses has seen both revenue and net profit grow compared to 9M/2020, thanks to an increase in transfers of horizontal projects. With a portfolio primarily consisting of horizontal projects and focusing on the mid-high segment, it has catered well to the upper real demand group with better purchasing power than other segments.

For the final quarter of the year, Land and Houses plans to launch five horizontal projects with a total value of over 8.92 billion baht.

AP is another company that has seen revenue and profit grow against market conditions. In addition to strong transfers from horizontal projects since Q2/2021, this quarter also saw transfers from joint venture projects such as Life Asoke Hype and Life Ladprao Valley.

In Q4, AP plans to launch a total of 14 projects, including 12 horizontal projects and 2 condominiums, with a total value of over 16.47 billion baht.

Sansiri has experienced a decrease in cumulative revenue over the past nine months compared to the previous year, but net profit has increased by 75%, rising from 930 million baht to 1.63 billion baht, due to effective cost control, resulting in a higher gross margin.

Pruksa has seen both revenue and profit decline compared to the previous year due to reduced transfer volumes and operational costs from its hospital business. However, in Q4/2021, Pruksa is expected to improve due to existing backlog, as several condominium projects like Chapter Thonglor 25, The Reserve Sathorn, and Plum Condo Sukhumvit 97.1 have been completed.

For the final quarter of the year, Pruksa plans to launch 9 new projects with a total value of over 8.54 billion baht.

Supalai has shown significant growth in both revenue and profit from transfers of horizontal projects and condominiums, including Supalai Charoen Nakhon, Supalai Riva Grande, and Supalai Veranda at Phasi Charoen Station.

In Q4, Supalai plans to launch 12 new projects, including 4 horizontal projects and 4 condominiums, and recently launched the new project Supalai Premier Samsen-Ratchawat, which has received a positive response.

SC Asset has seen stable revenue, with a slight decrease compared to last year, while profit has increased slightly. The performance is primarily driven by transfers from horizontal projects, with strong demand in the mid-to-upper segment.

In the final quarter of the year, SC Asset plans to launch 2 horizontal projects valued at 1.79 billion baht.

Origin has seen accumulated performance over 9 months increase compared to last year, primarily from transfers of condominium projects such as the Knightsbridge series, Park 24 Phase 2, and Park Origin Phaya Thai.

In Q4, there are plans to launch 9 new projects, including 6 horizontal projects, 1 condominium, and 2 wellness residences, with a total value of over 6.295 billion baht.

Asset Wise, a company that recently entered the stock market in April, has shown remarkable growth, with revenue increasing by over 60% and profit growing by 154%, driven by strong transfers from the Kave project group.

It is evident that most companies in the market have seen a decline in performance compared to last year due to the impact of the fourth wave of COVID-19, which involved lockdowns lasting over six months. In the final stretch of this year, although the COVID situation persists, we are seeing positive signs, such as the easing of LTV measures, the relaxation of lockdowns, and the increasing quality of vaccinations among the public. These factors are undoubtedly positive signals that will affect consumer confidence in both the real estate sector and the overall economy of the country.